We used to love this place. With regards to quality and price, it was the perfect balance between Morton’s/The Met, and the Outback. It was worth the wait (often up to 1.5 hours), and putting up with the noise level. It is very loud. Unfortunately, over the last year it seems the quality has gone down a lot. I absolutely love a good steak, and I've been disappointed each time I've been there in the last year. I am not saying the steaks are bad, they aren't, they just aren't great, and for the price, the wait, and the noise, I want an awesome steak. I won't go back for the steaks, but I will go back for their burger (at lunch when there is no wait). The burgers are still top notch.
They don't take reservations, the place is very loud, it is fairly expensive (easy to spend $100 - $150 for 2 people, and the steaks are just average these days... In my books, not much to recommend Jak's any more - and that is unfortunate.